Home Depot Says Slashing Tax Deductions Won't Hurt Housing Boom

Home Depot Inc. isn’t buying the real estate industry’s claims that a provision in the House Republicans’ tax plan to reduce the mortgage-interest deduction would cause U.S. home prices to plummet.

“We don’t see much of an impact,” Home Depot Chief Financial Officer Carol Tome said in an interview Tuesday after the retailer reported third-quarter results. “There is no real empirical evidence that suggests mortgage-interest deductibility is at all correlated to home ownership.”